Harvard Corporate Governance

AUGUST 1, 2023

In other words, not all activists are the alpha generators that they are made to seem, and the majority do not deliver on their campaign promises of outperformance beyond an immediate “pop.” Our empirical review included campaigns waged between 2018 and H1 2023 at U.S.

Marketability 242

Marketability Total Shareholder Return Alpha Market Capitalization 242

Value Scope

JULY 21, 2020

This work can be used to reconcile and support an adjustment to the CAPM, then the WACC, via Alpha and Beta. Using Alpha, however, it could be done. Alpha is an adjustment made to the Capital Asset Pricing Model (“CAPM”) as part of the calculation of the Weighted Average Cost of Capital, or “WACC.” What about stock price?

Intangible Assets 130

Intangible Assets Beta Alpha Unlevered Beta 130

Value Scope

SEPTEMBER 24, 2020

How do you justify making substantial investments and fundamental changes to corporate structures and culture without empirical evidence that it will make a direct impact on shareholder value, total shareholder return, net present value, and individual rates of return? . Using Alpha, however, it could be done.

Intangible Assets 130

Intangible Assets Alpha Beta Marketability 130